Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2014

 

For February 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 63 active condo listings. (Up by 5 condos from January)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

6 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from last month)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

6 Condos Sold in February. (Up by 4 condos from January)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

An improving market for the condo segment of the Palm City FL real estate market for zip code 34990. All activity moved in a positive direction in February.  But please keep in mind that this is a very small segment of the Palm City market as this area is primarily single family homes.  Trends are good to watch but a meaningful interpretation from monthly swings in values is difficult to determine.

The current absorption rate for condos in the 34990 zip code area dropped to 10.5 months (was 29 months in January).   A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
 
The February 2012 numbers were: 69 active listings, 7 pending sales and 4 closed sales.   Very similar activity as compared to last year.
Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

 

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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code February 2014

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code February 2014

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for February 2014

 

For January 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 472active listings (An increase of 25 homes from January)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code February 2014

 131 Residential sales are pending and awaiting close or lender approval. (Increased by 14 homes from last month)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code February 2014

 

49 Homes Sold in January (Decreased by 12 homes from January)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code February 2014

After an exceptionally strong 2013 the Palm City home market (zip code 34990) has now a second fairly weak market activity compared to the past year.  Closed sales were off for the second month in a row.  Pending sales did increase, but is not keeping up with the strong growth in inventory.  The added inventory along with the decrease in sales will be exerting some price pressures on this market if sales don’t pick up.
 
The current absorption rate increased to 9.6 months from 7.2 months in October, putting the Palm City residential real estate market into a buyers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The January 2012 numbers were:  408 active listings, 201 pending sales and 34 closed sales.  Unfortunately, the Palm City market is not showing good signs.  Closed sales are up, but future activity looks uncertain with the considerable decrease in future sales.Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code February 2014

 

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Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code February 2014

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for January 2014

 

For January 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 58 active condo listings. (Down by 8 condo from December)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014


5 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

2 Condos Sold in January. (Unchanged from December)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

Little change from the end of last year for the condo segment of the Palm City FL real estate market.  Inventory was the only change and that was down even further.  This is a very small segment of the Palm City market as this area is primarily single family homes.  Trends are good to watch but a meaningful interpretation from monthly swings in values is difficult to determine.

The current absorption rate for condos in the 34990 zip code area dropped to 29  months with only 2 sales (was 33 months in December).   A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
 
The January 2012 numbers were: 69 active listings, 8 pending sales and 3 closed sales.   Better activity last year, but there were also more properties available.

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code January 2014

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code January 2014

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for January 2014

 

For December 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 447 active listings (An increase of 48 homes from December)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code January 2014

 

 117 Residential sales are pending and awaiting close or lender approval. (Decreased by 23 homes from last month)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code January 2014

62 Homes Sold in December (Decreased by 11 homes from December)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code January 2014

 
After a very strong finish for the Palm City home market (zip code 34990) for 2013, 2014 starts out with disappointing numbers.   Both closed and pending sales were down and the inventory took a large jump.   One of the few segments of our market with this type of results.
 
The current absorption rate increased to 7.2  months from 5.5 months in October, putting us back into a slight buyers’ market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The December 2012 numbers were:  411 active listings, 176 pending sales and 39 closed sales.    Inventory has jumped above last years levels and pending sales are down considerably from last year.  This is not a good sign!  Closed sales, however, did much better for this year.

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code January 2014

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Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code January 2014

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2013

 

For December 2013 in the 34990 Zip Code area of Palm City, Florida :



There are currently 66 active condo listings. (Down by 1 condo from November)
Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

5 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condo from last month)Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

2 Condos Sold in December. (Up by 1 condo from November)Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

Slow activity for the end of the year for the condo segment of the Palm City FL real estate market.  However, this is a very small segment of the Palm City market as this area is primarily single family homes.  Trends are good to watch but a meaningful interpretation from monthly swings in values is difficult to determine.

The current absorption rate for condos in the 34990 zip code area dropped to 33  months with only 2 sales (was 67 months in November).   A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
 
The December 2012 numbers were: 63 active listings, 8 pending sales and 3 closed sales.   One of the few areas in Martin County where the 2012 market activity surpassed this year’s numbers.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

Search here for Palm City Florida Real Estate for Sale ( Condos)
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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2013

 

For November 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 399 active listings (A decrease of 16 homes from November)Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

 140 Residential sales are pending and awaiting close or lender approval. (Decreased by 9 homes from last month) Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

73 Homes Sold in November (Increased by 21 homes from November)Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

 
A very strong finish for the Palm City home market (zip code 34990) for 2013.  Closed sales were up considerably from last month.  Pending sales were off slightly and after two months of rising inventories, the available Palm City homes for sale once again decreased.
 
The current absorption rate dropped to 5.5  months from 8 months in October, putting us back into a seller’s market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The November 2012 numbers were:  398 active listings, 129 pending sales and 45 closed sales.    Our inventory is almost unchanged from last year now and the sales activity is considerably improved.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

 Search here for Palm City Florida Real Estate for Sale

Palm City, FL Real Estate

 

Palm City Florida Real Estate presented by:
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Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

 

Palm City Florida Market Report ZIP Code 34990 Condo November 2013

Palm City Florida Market Report ZIP Code 34990 Condo November 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2013

 

For November 2013 in the 34990 Zip Code area of Palm City, Florida :



There are currently 67 active condo listings. (Up by 8 condos from October)
Palm City Florida Market Report ZIP Code 34990 Condo November 2013

6 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)
Palm City Florida Market Report ZIP Code 34990 Condo November 2013

 

1 Condos Sold in November. (Down by 3 condo from October)

Palm City Florida Market Report ZIP Code 34990 Condo November 2013

 

Very disappointing activity for the 34990 zip code area of Palm City condo market for November 2013.  Inventory increased, pending sales remained unchanged and only 1 condo sold in November.

The current absorption rate for condos in the 34990 zip code area is an atrocious 67  months with only 1 sale (was 14.8 months in October).   A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market is currently a strong buyers market.
 
The November 2012 numbers were: 61 active listings, 10 pending sales and 5 closed sales.   Unfortunately, this year’s activity is not nearly as active as it was in November 2012.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

Palm City Florida Market Report ZIP Code 34990 Condo November 2013

 

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Palm City Florida Market Report ZIP Code 34990 Condo November 2013

Palm City Florida Market Report ZIP Code 34990 Residential November 2013

Palm City Florida Market Report ZIP Code 34990 Residential November 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for November 2013

 

For November 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 415 active listings (A decrease of 1 home from October)Palm City Florida Market Report ZIP Code 34990 Residential November 2013

 

149 Residential sales are pending and awaiting close or lender approval. (Increased by 5 homes from last month) Palm City Florida Market Report ZIP Code 34990 Residential November 2013

52 Homes Sold in November (Decreased by 2 homes from October)

Palm City Florida Market Report ZIP Code 34990 Residential November 2013

 
A second month of strong results (in the off season) for the Palm City, zip code 34990, area of Martin County Florida   Continues strong pending and sales activity.  The inventory remained stable after two months of increases.
 
The current absorption rate rose slightly to to 8 months from 7.7 months in October, a slight buyer’s market.  A slight buyers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.  I don’t expect a buyers market to last, as I think sales will be picking up soon in Palm City once again.

The November 2012 numbers were:  404 active listings, 134 pending sales and 56 closed sales.   Similar activity to last year, though it’s interesting to note that the inventory is now higher.  Reversing a trend from the past year or two.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:

Palm City Florida Market Report ZIP Code 34990 Residential November 2013
 

Palm City, FL Real Estate

 

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Palm City Florida Market Report ZIP Code 34990 Residential November 2013

 

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2013

 

For October 2013 in the 34990 Zip Code area of Palm City, Florida :



There are currently 59 active condo listings. (Up by 4 condos from September)
Palm City Florida Market Report ZIP Code 34990 Condo October 2013

6 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from last month)
Palm City Florida Market Report ZIP Code 34990 Condo October 2013

 

4 Condos Sold in October. (Down by 1 condo from September)

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

 

 The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  The October market activity showed the second month in a row of increased inventory, though unfortunately both pending and closed sales were off.

The current absorption rate for condos in the 34990 zip code area is 14.8 months (was 11 months in September), signifying a buyers market.   A balanced market is considered to be an absorption rate of around 6 months.
 
The October 2012 numbers were: 59 active listings, 9 pending sales and 4 closed sales.   Almost identical to 2012 activity with fewer pending sales this year.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

 

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Palm City Florida Market Report ZIP Code 34990 Condo October 2013

Palm City Florida Market Report ZIP Code 34990 Residential October 2013

Palm City Florida Market Report ZIP Code 34990 Residential October 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2013

 

For October 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 416 active listings (An increase of 37 homes from September)

Palm City Florida Market Report ZIP Code 34990 Residential October 2013

144 Residential sales are pending and awaiting close or lender approval. (Decreased by 3 homes from last month) Palm City Florida Market Report ZIP Code 34990 Residential October 2013

 

54 Homes Sold in October (Increased by 6 homes from September)

Palm City Florida Market Report ZIP Code 34990 Residential October 2013

 
After some disappointing sales numbers for September for the Palm City, zip code 34990, area of Martin County Florida, there was a rebound for October..   Also, the second month in a row with sizable gain in inventory. Pending sales were off slightly.  Most interesting is the increase in inventory. 
 
The current absorption rate dropped slightly to to 7.7 months from 7.9 months in September, but is at a much more sustainable rate than the hot sellers market we had in Palm City during the spring and early summer.  A slight buyers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.  I don’t expect a buyers market to last, as I think sales will be picking up soon in Palm City once again.

The October 2012 numbers were:  420 active listings, 150 pending sales and 49 closed sales.   Very similar activity to last year.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:

Palm City Florida Market Report ZIP Code 34990 Residential October 2013 

 

 

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Palm City Florida Market Report ZIP Code 34990 Residential October 2013

Copperleaf 4 BR Home Open House Nov 10

Copperleaf 4 BR Home Open House Nov 10

Join us on Sunday, November 10 from 1 to 4 PM in Copperleaf.  One of Palm City’s newest gated communities to view this recently available 4 Bedroom, 3 Bathroom home with a 3 car garage at a very aggressive price.  $350,000

Copperleaf Home in Palm City FLThis Newer Copperleaf Home in Palm City is now available for $350,000.

Copperleaf Home in Palm City FL

Newer (2010) CBS home. Foyer entry leads to formal living & dining rooms with tile on a diagonal, wood floors in all 4 bedrooms.   A triple split floor plan allows privacy for all. Over-sized kitchen has wood cabinets, stainless steel appliances with wine cooler, granite counter tops, large eating bar & a cozy breakfast area which overlooks a spacious family room.  Master suite features shower, tub & dual sinks, granite and walk-in closet. Home has a 3 car garage. This guard gated community offers 2 lighted tennis courts, resort style heated swimming pool, stunning clubhouse with fitness center, play ground for the little ones. Convenient to shopping, medical facilities, turnpike and I-95.

Copperleaf Home in Palm City FL

 Copperleaf Home in Palm City FL

Copperleaf Home in Palm City FL

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Copperleaf 4 BR Home Open House Nov 10

Newer Copperleaf Home Palm City Just Listed

Newer Copperleaf Home Palm City Just Listed

Copperleaf Home in Palm City FLThis Newer Copperleaf Home in Palm City is now available for $350,000.

Copperleaf Home in Palm City FL

Newer (2010) CBS home. Foyer entry leads to formal living & dining rooms with tile on a diagonal, wood floors in all 4 bedrooms.   A triple split floor plan allows privacy for all. Over-sized kitchen has wood cabinets, stainless steel appliances with wine cooler, granite counter tops, large eating bar & a cozy breakfast area which overlooks a spacious family room.  Master suite features shower, tub & dual sinks, granite and walk-in closet. Home has a 3 car garage. This guard gated community offers 2 lighted tennis courts, resort style heated swimming pool, stunning clubhouse with fitness center, play ground for the little ones. Convenient to shopping, medical facilities, turnpike and I-95.

Copperleaf Home in Palm City FL

 Copperleaf Home in Palm City FL

Copperleaf Home in Palm City FL

Search for Homes in Gated Communities in Palm City

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Palm City Florida Real Estate presented by:

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Newer Copperleaf Home Palm City Just Listed

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for September 2013

 

For September 2013 in the 34990 Zip Code area of Palm City, Florida :



There are currently 55 active condo listings. (Up by 2 condos from August)
Palm City Florida Market Report ZIP Code 34990 Condo September 2013

8 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from last month)
Palm City Florida Market Report ZIP Code 34990 Condo September 2013

 

5 Condos Sold in September. (Up by 5 condos from August)

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

 

 The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  September saw little change in this segment with the exception of 5 sales, after no sales back in August.

The current absorption rate for condos in the 34990 zip code area is 11 months, signifying a buyers market.   A balanced market is considered to be an absorption rate of around 6 months.
 
The September 2012 numbers were: 62 active listings, 6 pending sales and 4 closed sales.   Better numbers for this year than for September of 2012.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

 

Search here for Palm City Florida Real Estate for Sale ( Condos)
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Palm City Florida Real Estate presented by:
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Palm City Florida Market Report ZIP Code 34990 Condo September 2013

Palm City Florida Market Report ZIP Code 34990 Residential September 2013

Palm City Florida Market Report ZIP Code 34990 Residential September 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for September 2013

 

For September 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 379 active listings (An increase of 25 homes from August) Report ZIP Code 34990 Residential September 2013

 

147 Residential sales are pending and awaiting close or lender approval. (An increase of 6 homes from last month) Report ZIP Code 34990 Residential September 2013

 

48 Homes Sold in September (Decreased by 29 homes from August) Report ZIP Code 34990 Residential September 2013

 
Sales were off for September in the Palm City, zip code 34990, area of Martin County Florida.   Though, after many months of decreasing inventory there was a surprising jump in September by 25 homes.  Pending sales were up indicating a possible greater closed sales activity for the near future.
 
The current absorption rate jumped to 7.9 months from 4.6 months in August.  Back into a buyers market for the first time in months.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.  I don’t expect a buyers market to last, as I think sales will be picking up soon in Palm City once again.

The September 2012 numbers were:  402 active listings, 170 pending sales and 33 closed sales.   Pending sales are off from last year, but all other numbers are positive.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:

 Report ZIP Code 34990 Residential September 2013

 

 

Search here for Palm City Florida Real Estate for Sale

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Palm City Florida Market Report ZIP Code 34990 Residential September 2013

Islesworth Home Sold in Palm City

Islesworth Home Sold in Palm City

Islesworth Home Palm City FL

4 bedroom CBS pool home with spectacular lake views. Gracious open split floor plan, vaulted ceilings, kitchen open to breakfast bar and family room. Oak hardwood in Lr, Dr, Fr., tile.  New interior paint.  Newer roof and AC.  Accordion shutters.  Easy access to I-95 and turnpike. Close to A rated Palm City elementary and Hidden Oaks middle school. Enjoy the beaches, shopping , restaurants, minutes away. Community tot lot

Islesworth Home Palm City FL

The Islesworth subdivision in Palm City is a very attractive neighborhood located in the heart of Palm City, FL in a non-gated community off of Route 714 (Martin Highway).  This was a Pulte community with 113 homes being built from 1996 through 1998.  Most homes are on spacious lots from just under to over ¼ acre sites. 

Islesworth Home Palm City FL

Many homes enjoy serene water views as there are two smaller lakes in this community.  Both single and two story homes with the vast majority being 4 bedroom homes though there are a number of 5 bedroom homes as well as a few 3 bedroom homes.  The current HOA fees are a very reasonable $463.00 per quarter.  The fees include maintenance and insurance of the common areas, roads, reserve funds and basic cable TV.Islesworth Home Palm City FL

 

Islesworth is right next door to Hidden Oaks Middle School and only a short bike ride to Palm City Elementary School.  Children in Islesworth go to Martin County High School which is approximately 5 miles away. 

Islesworth Playground

Close to grocery and other shopping as well as medical facilities and places of worship, Islesworth offers very easy access to most resident’s needs.  For those needing to commute, both Florida’s Turnpike and I-95 are both only a short distance away.

 

Islesworth Entrance 

Here are the currently available homes in Islesworth Home Sold in Palm City

 

For any questions you may have about Islesworth Home Sold in Palm City, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Palm City Florida Real Estate
Residential Homes, Condos and Land
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Islesworth Home Sold in Palm City

Palm City Florida Market Report ZIP Code 34990 Condo August 2013

Palm City Florida Market Report ZIP Code 34990 Condo August 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2013

 

For August 2013 in the 34990 Zip Code area of Palm City, Florida :



There are currently 53 active condo listings. (Down by 1 condo from July)
Palm City Florida Market Report ZIP Code 34990 Condo August 2013

 

 

10 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from last month)
Palm City Florida Market Report ZIP Code 34990 Condo August 2013

 

0 Condos Sold in August. (Down 6 condos from July)

 

 The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  There were no sales in August for condos, while the inventory and pending sales moved only by one condo each.

 
The current absorption rate for condos in the 34990 zip code area is not available with zero sales.  A balanced market is considered to be an absorption rate of around 6 months.
 
The August 2012 numbers were: 63 active listings, 6 pending sales and 4 closed sales.   The higher pending numbers this year should indicate some sales in the near future.

 

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:Palm City Florida Market Report ZIP Code 34990 Condo August 2013

 

 

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Palm City Florida Market Report ZIP Code 34990 Condo August 2013

Palm City Florida Market Report ZIP Code 34990 Residential August 2013

Palm City Florida Market Report ZIP Code 34990 Residential August 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for August 2013

 

For August 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 352 active listings (A decrease of 8 homes from July)Palm City Florida Market Report ZIP Code 34990 Condo August 2013

 

 

141 Residential sales are pending and awaiting close or lender approval. (A decrease of 12 homes from last month)Palm City Florida Market Report ZIP Code 34990 Condo August 2013

 

 

77 Homes Sold in August (Increased by 7 homes from July)Palm City Florida Market Report ZIP Code 34990 Condo August 2013

 
A little bit of easing for the market activity in the Palm City, zip code 34990, area of Martin County Florida. The inventory continues to decline and pending sales were off for the second month in a row.  The only bright note was the increased number of closed sales. 
 
The current absorption rate dropped to 4.6 months from 5.5 months in July.  An indication of a strong sellers market for now.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.  With lower inventory and reduced pending sales, I’m expecting an easing of the absorption rate in the coming months.

The August 2012 numbers were:  400 active listings, 161 pending sales and 68 closed sales.   Other than the pending sales numbers, we’re doing considerably better than last year in the Palm City single family market.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:Palm City Florida Market Report ZIP Code 34990 Condo August 2013

 

Search here for Palm City Florida Real Estate for Sale

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Palm City Florida Market Report ZIP Code 34990 Residential August 2013

Palm City Florida Market Report ZIP Code 34990 Condo July 2013

Palm City Florida Market Report ZIP Code 34990 Condo July 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for July 2013

 

For July 2013 in the 34990 Zip Code area of Palm City, Florida :



There are currently 54 active condo listings. (Down by 4 condos from June)

Active Listings - Palm City Florida Market Report ZIP Code 34990 Condo July 2013

 

9 Condo sales are pending and awaiting close or lender approval. (Decreased by 5 condos from last month)

Pending Listings - Palm City Florida Market Report ZIP Code 34990 Condo July 2013

 

6 Condos Sold in July. (Down 2 condos from June)

Sold Listings - Palm City Florida Market Report ZIP Code 34990 Condo July 2013

 

The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  Both pending and closed sales were off this month compared to June as well as another month with decreasing inventory.
 
The current absorption rate for condos in the 34990 zip code area rose to 8.3 months.  Drifting back into a buyers market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The July 2012 numbers were: 62 active listings, 7 pending sales and 1 closed sales.   Even with the significantly lower number of active condo listings, this year’s activity is much better.

 

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

Market Summary - Palm City Florida Market Report ZIP Code 34990 Condo July 2013

 

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Palm City Florida Market Report ZIP Code 34990 Condo July 2013

Palm City Florida Market Report ZIP Code 34990 Residential July 2013

Palm City Florida Market Report ZIP Code 34990 Residential July 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for July 2013

 

For July 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 360 active listings (A decrease of 22 homes from June)

Active Listings - Palm City Florida Market Report ZIP Code 34990 Residential July 2013

 

153 Residential sales are pending and awaiting close or lender approval. (A decrease of 9 homes from last month)

Pending Listings - Palm City Florida Market Report ZIP Code 34990 Residential July 2013

 

70 Homes Sold in July (Increased by 1 home from June)

Sold Listings - Palm City Florida Market Report ZIP Code 34990 Residential July 2013

 
The Palm City, zip code 34990, area of Martin County Florida continues to have impressive market activity.  But, the inventory is getting to levels that are starting to effect year to year numbers.  For the month, sales were up by 1 home while the pending sales decreased by 9. 
 
The current absorption rate remained steady at 5.5 months, which still indicates a slight sellers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The July 2012 numbers were:  416 active listings, 169 pending sales and 63 closed sales.   Closed sales outperformed last years volume, but pendings are now off slightly.  I expect slower activity if the inventory continues to drop.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:

Market Summary - Palm City Florida Market Report ZIP Code 34990 Residential July 2013

Search here for Palm City Florida Real Estate for Sale

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

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Palm City Florida Market Report ZIP Code 34990 Residential July 2013

Islesworth in Palm City FL

Islesworth in Palm City FL

Islesworth Entrance

The Islesworth subdivision in Palm City is a very attractive neighborhood located in the heart of Palm City, FL in a non-gated community off of Route 714 (Martin Highway).  This was a Pulte community with 113 homes being built from 1996 through 1998.  Most homes are on spacious lots from just under to over ¼ acre sites. 

Islesworth Lake 1Many homes enjoy serene water views as there are two smaller lakes in this community.  Both single and two story homes with the vast majority being 4 bedroom homes though there are a number of 5 bedroom homes as well as a few 3 bedroom homes.  The current HOA fees are a very reasonable $463.00 per quarter.  The fees include maintenance and insurance of the common areas, roads, reserve funds and basic cable TV.

Homes in Islesworth 3Islesworth is right next door to Hidden Oaks Middle School and only a short bike ride to Palm City Elementary School.  Children in Islesworth go to Martin County High School which is approximately 5 miles away. 

Homes in Islesworth 6Close to grocery and other shopping as well as medical facilities and places of worship, Islesworth offers very easy access to most resident’s needs.  For those needing to commute, both Florida’s Turnpike and I-95 are both only a short distance away.


Islesworth Lake 3

Islesworth Playground 

Here are the currently available homes in Islesworth in Palm City FL

 

For any questions you may have about Islesworth in Palm City FL, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Islesworth in Palm City FL